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Old November 1st, 2015, 11:56 AM   #121
Kenspeckle
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A few photos from last week of Quartermile 4 u/c.







The final two new-build residential blocks, Q24 & Q25 u/c.

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Old December 11th, 2015, 11:11 AM   #122
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Confirmation of belle's rumour from a few months ago. Great news. Sounds as though there will still be a residential component (new build to the rear?) as well as retail along Middle Meadow Walk. I believe the project architects will be Bennetts Associates which makes it even better.

University of Edinburgh to acquire Quartermile's category A-listed surgical hospital building

Quartermile - 11th November, 2015

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Edinburgh city centre’s landmark mixed-use development Quartermile, an investment that is managed by Moorfield Group, has agreed to sell its Category A-listed Surgical Hospital building, located on Lauriston Place, to the neighbouring University of Edinburgh.

The striking building, originally designed by architect David Bryce, will be carefully renovated and transformed by the University into a new interdisciplinary hub that will unite business and public policy to address societal and environmental challenges.

The University’s acquisition of the building will also provide the opportunity for Quartermile Developments to build a further phase of new build residential development at Quartermile along with proposed new retail and public space on Middle Meadow Walk.

Quartermile Developments Managing Director, Paul Curran, said: “This is an excellent opportunity for Quartermile and the City of Edinburgh. The Surgical Hospital is a fundamental part of our development masterplan of 29 buildings. It is a magnificent building which has always been used for teaching, so it is apt that its primary use will be for learning.

“The new University development will integrate Quartermile with one of the world’s most highly regarded academic institutions, making our location a place where business, academia, retail and lifestyle converge.”

Commenting on the acquisition, University of Edinburgh Principal, Professor Sir Timothy O’Shea, said: “We are very excited about the acquisition of the old Surgical Hospital and its potential. It will enable us to expand our outstanding teaching facilities and help us consolidate our position as a world-class university that is accessible to the wider community.”

Moorfield Real Estate Fund III made its initial investment into Quartermile in September 2013 as part of a drive to invest in well-located, city centre, mixed-use development projects.

Moorfield Group Chief Investment Officer, Charles Ferguson Davie, added: “This transaction further cements Quartermile’s reputation as one of the UK’s leading mixed-use developments that now comprises a full range of different occupiers, offering a fantastic environment in which to live, work, enjoy and now study. It has been a year of stellar success for Quartermile and we look forward to maintaining that momentum during 2016.”

Once concluded, Quartermile will provide Edinburgh with 1,050 apartments of which over 650 are already occupied and another 150 currently being built. It will also comprise 370,000 sq ft of Grade A office accommodation, 65,000 sq ft of retail and leisure space and seven acres of open landscaping. The development is expected to be completed in 2018.
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Old December 11th, 2015, 12:31 PM   #123
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Quote:
Originally Posted by Kenspeckle View Post
Confirmation of belle's rumour from a few months ago. Great news. Sounds as though there will still be a residential component (new build to the rear?) as well as retail along Middle Meadow Walk. I believe the project architects will be Bennetts Associates which makes it even better.

University of Edinburgh to acquire Quartermile's category A-listed surgical hospital building

Quartermile - 11th November, 2015

Great news Ken! My only reservation is the concern that they'll take an age to actually develop it given the other capital projects they are investing in. Any thoughts in regard to this?
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Old December 11th, 2015, 01:53 PM   #124
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Really pleased about this. I had a little bit of time to kill last week in London and wandered around the Kings Cross masterplan area. The University of the Arts / Central St Martins have located there in Granary square and it def felt like it adds something extra, something different to more commercial uses - offices and residential and retail.

The uni's recent track record in developing historic buildings is good and it provides a great shop window building to attract more talented academics and postgrads and such.

In the longer term, the westward extension might stimulate a re-look at the under-used quads and permeability of the old Medical school building and Charles St lane etc. That whole cluster of buildings is a bit of an impermeable jumble - but has potential if they find ways to open it up a bit.

No idea about how well placed to get cracking sooner they are - but they do seem to be going from strength to strength.
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Old December 11th, 2015, 04:21 PM   #125
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Quote:
Originally Posted by Dee-lightful View Post
Great news Ken! My only reservation is the concern that they'll take an age to actually develop it given the other capital projects they are investing in. Any thoughts in regard to this?
Your guess is as good as mine. The press release restates the old 2018 completion date for Quartermile. If this is still considered part of the wider site, that suggests work would have to start relatively soon, though that's not exactly clear. At the very least, the retail development along MMW would necessitate conversion of the ground floor of the surgical hospital at the eastern end. As you say, the University are very gung-ho development-wise at the moment. I've lost count of how many projects they're currently juggling, so what's one more major capital project, more or less?!

Maybe belle has some insight on timescale?
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Old December 11th, 2015, 07:59 PM   #126
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Quote:
Originally Posted by Kenspeckle View Post
Confirmation of belle's rumour from a few months ago. Great news. Sounds as though there will still be a residential component (new build to the rear?) as well as retail along Middle Meadow Walk. I believe the project architects will be Bennetts Associates which makes it even better.

University of Edinburgh to acquire Quartermile's category A-listed surgical hospital building

Quartermile - 11th November, 2015
All in all, Quartermile has turned out really well. Very pleasantly surprised by this news.
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Old December 12th, 2015, 04:52 PM   #127
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Originally Posted by Kenspeckle View Post
Maybe belle has some insight on timescale?
Afraid not. But like that it's introducing another use to the site. I still find the internal planning of the site to feel rather dead even with increased occupancy. Hopefully this will help bring more life.
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Old December 17th, 2015, 11:25 AM   #128
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Posted an article on the office developments thread which confirms the rumour about Cirrus Logic taking space at Quartermile Four, though it also debunks another rumour about Amazon relocating there - looks like they're expanding at Waverley Gate instead.
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Old January 13th, 2016, 04:16 PM   #129
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Q4 nearing completion.


https://twitter.com/finni7/status/687207685331259392
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Old February 1st, 2016, 05:04 PM   #130
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Cirrus Logic in major Edinburgh office move

The Scotsman - 1st February, 2016


Quote:
Chip designer Cirrus Logic is to embark on a major office letting at Edinburgh’s Quartermile regeneration scheme.

The group, which acquired Edinburgh audio chip specialist Wolfson Microelectronics in 2014, is taking four floors at Quartermile 4, spanning more than 70,000 square feet.

Texas-based Cirrus is to relocate from its existing premises in the city’s Murrayfield area when the offices, which are currently under construction, are complete. With completion expected in April, the building is now 100 per cent let.

Quartermile managing director Paul Curran said: “Achieving 100 per cent pre-letting of the building four months before practical completion is a remarkable achievement. It reflects the popularity of Quartermile, the confidence that exists in Edinburgh’s commercial property market and the lack of supply of Grade A office space becoming available in the city.

“Quartermile 4 is one of Scotland’s most successful speculative build projects for several years and with the level of interest attracted by it we are confident of achieving similar success in future phases.”

The regeneration scheme on the site of the former Edinburgh Royal Infirmary is also home to travel search engine Skyscanner and fantasy sports business FanDuel.

Quartermile Developments was represented by joint agents CBRE and Montagu Evans, with legal advice provided by Brodies. M&G Real Estate – which provided an £80 million funding boost for the project in 2014 – was represented by law firm Maclay Murray & Spens.

Aaron Pope, director of asset management at M&G Real Estate, said: “Quartermile 4 has been a fantastic success and the latest letting reflects the quality of the whole Quartermile development. Quartermile presents a rare opportunity whereby staff can have access to quality residential, leisure and amenities all within 30 seconds of the office floor.”


Read more: http://www.scotsman.com/business/com...#ixzz3yvel0oTL
Follow us: @TheScotsman on Twitter | TheScotsmanNewspaper on Facebook
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